| 单词 | backup withholding |
| 释义 | backup withholding noun[U] ukusTAX in the US, asystemin which thetaxon theincomefrom sometypesofinvestmentissentdirectlyto thetaxauthority, forexamplewhen abankdoes not have all theinformationitneedsabout thepersonpayingthetax: Under thebackupwithholdingrules, thebusinessorbankmustwithholdon apaymentif thepayeedid notprovideataxpayeridentificationnumber. Examplesofbackup withholdingbackup withholding The second purpose is to help the payee avoidbackupwithholding. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.To insure that shareholders pay tax on dividends, two withholding tax provisions may apply: withholding tax on foreign shareholders, andbackupwithholdingon certain domestic shareholders. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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